A Company Has a Market Value Per Share of $73

question 98

Multiple Choice

A company has a market value per share of $73.00.Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000.The company's price-earnings ratio is equal to:

• A)20.9
• B)4.2
• C)14.6
• D)20.0
• E)6.8

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Definitions:

Bioprospecting

The search for plant and animal species from which medicinal drugs and other commercially valuable compounds can be obtained.

Biopiracy

The practice of commercially exploiting naturally occurring genetic material or biochemicals by obtaining patents that restrict their general use, often without compensating the indigenous peoples or countries from which they are taken.

Biocolonialism

The exploitation of biological resources of developing countries by Western pharmaceutical or biotechnological companies without fair compensation.

Patriarchal Society

A societal structure where men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.